The "Law of Diminishing Returns" states that
A) additional inputs will reduce output.
B) additional inputs will decrease average productivity.
C) the supply of inputs is becoming scarce.
D) additional inputs will lead to less additional output.
D
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The table shows the balance sheet for Ralph's Bank. If the desired reserve ratio is 15 percent, the maximum additional amount that Ralph's Bank can loan is equal to ________
A) $50 B) $500 C) $450 D) $2,500
Which of the following events would cause the interest rate to rise?
a. a decrease in the demand for loanable funds b. an increase in the demand for loanable funds c. an increase in the supply for loanable funds d. a decrease in aggregate demand
Financial disintermediation occurs when:
a. Individuals withdraw funds from financial intermediaries and invest them elsewhere. b. Businesses no longer issue stock. c. Individuals no longer trade securities in the secondary market. d. None of the above. e. Businesses no longer borrow directly in the bond market.
fConsider a course with 40 students....
Consider a course with 40 students, some of whom are confused after the professor explains a concept. The professor doesn't know whether students are confused, but will clarify the concept if one student asks a question. A student who asks a
questionlong dash—and
reveals his or her
confusionlong dash—loses
88
utils. When the professor clarifies the concept in response to a question, each confused student gets a benefit of
22
utilsutils.